EverQuote (NASDAQ:EVER) Shares Gap Up Following Analyst Upgrade

EverQuote, Inc. (NASDAQ:EVER)’s stock price gapped up prior to trading on Tuesday after Needham & Company LLC raised their price target on the stock from $30.00 to $35.00. The stock had previously closed at $24.27, but opened at $26.89. Needham & Company LLC currently has a buy rating on the stock. EverQuote shares last traded at $26.3650, with a volume of 105,922 shares changing hands.

A number of other analysts also recently weighed in on EVER. Zacks Research raised shares of EverQuote from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Raymond James Financial reissued an “outperform” rating and issued a $28.00 price objective on shares of EverQuote in a research note on Thursday, August 13th. JPMorgan Chase & Co. assumed coverage on shares of EverQuote in a research report on Monday, August 24th. They set an “overweight” rating and a $29.00 price objective for the company. Weiss Ratings upgraded shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Finally, Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.67.

Insiders Place Their Bets

In other EverQuote news, Director Mira Wilczek sold 9,500 shares of EverQuote stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $25.07, for a total value of $238,165.00. Following the transaction, the director owned 110,353 shares in the company, valued at $2,766,549.71. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO David Brainard sold 2,626 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $19.90, for a total value of $52,257.40. Following the transaction, the chief technology officer directly owned 150,178 shares of the company’s stock, valued at approximately $2,988,542.20. The trade was a 1.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 75,681 shares of company stock valued at $1,730,822 over the last ninety days. 23.68% of the stock is owned by insiders.

More EverQuote News

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: Q3 revenue beat estimates: EverQuote reported revenue of approximately $218.1 million, up 25.4% year over year and above the $203.2 million consensus estimate. Adjusted earnings were reported at $0.72 per share versus a $0.67 consensus estimate, while the company’s reported EPS of $0.49 met the consensus figure. EverQuote Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised fourth-quarter outlook: EverQuote guided for Q4 2026 revenue of $213 million to $223 million, above the $211.9 million analyst consensus. The guidance indicates continued demand for its insurance marketing and growth solutions. EverQuote Outlines Q4 Revenue Guidance
• Positive Sentiment: Analyst support increased: B. Riley raised its price target to $35 and said it continues to view EverQuote’s risk/reward as attractive, reinforcing the bullish interpretation of the earnings update. B. Riley Raises EverQuote Price Target
• Positive Sentiment: Growth initiatives expanded: Management pointed to AI-driven growth, new product launches, and agentic large-language-model channels as ways to broaden EverQuote’s market opportunity. EverQuote Q3 Deep Dive
• Negative Sentiment: AI spending creates execution risk: Investment in agentic AI channels is expected to result in thinner margins and slower sequential growth in Q4, which could limit upside if the initiatives take longer to generate returns. EverQuote Q3 Earnings and AI Investment Analysis

Institutional Investors Weigh In On EverQuote

Several hedge funds and other institutional investors have recently made changes to their positions in EVER. Renaissance Technologies LLC lifted its stake in EverQuote by 28.9% in the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after purchasing an additional 211,360 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in EverQuote by 47.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after buying an additional 293,160 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in EverQuote by 1.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company’s stock valued at $11,470,000 after buying an additional 13,276 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in EverQuote by 37.7% in the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock valued at $10,728,000 after buying an additional 190,438 shares in the last quarter. Finally, Jacobs Asset Management LLC grew its stake in shares of EverQuote by 199.9% during the first quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock worth $6,219,000 after buying an additional 268,819 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

EverQuote Stock Up 13.3%

The business’s 50 day simple moving average is $22.32 and its two-hundred day simple moving average is $20.52. The stock has a market cap of $990.54 million, a P/E ratio of 8.94 and a beta of 0.68.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The company had revenue of $218.08 million during the quarter, compared to the consensus estimate of $203.23 million. During the same period in the prior year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, research analysts forecast that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace that connects consumers seeking insurance with insurance providers and distribution partners. The company uses technology, data, and digital marketing to help consumers compare insurance options and obtain quotes.

Its platform has primarily focused on auto insurance, while also supporting other insurance categories, including home and renters insurance. EverQuote generates business by providing insurance carriers and agents with consumer referrals and opportunities to reach people who are actively shopping for coverage.

Founded in 2010 and headquartered in Cambridge, Massachusetts, EverQuote serves the United States insurance market.